RBC Premier Line of Credit may not be suitable for all investors. Before using any of these products, you should read the literature and the regulatory disclosures that will be provided, and ensure you understand the risks involved. These securities-based loans are demand loans and are subject to minimum collateral requirements. You must maintain sufficient collateral to support your outstanding borrowings under the credit line.
LIBOR is derived from an average of daily self-estimates of borrowing costs supplied by a small group of large global banks. Royal Bank of Canada is a participant in the LIBOR-setting panels tied to the US Dollar, the British Pound, the Euro, and the Canadian Dollar.
Credit services are provided by Royal Bank of Canada and are subject to their terms and conditions, including credit approval. Minimum loan is $500,000. Investment services are provided by the U.S. division of RBC Wealth Management, which is a part of RBC Capital Markets, LLC, Member NYSE/FINRA/SIPC. Financial advisors are employees of RBC Wealth Management and credit specialists are employees of Royal Bank of Canada. RBC Wealth Management may receive compensation in connection with these services.
Investment and insurance products offered through RBC Wealth Management are not insured by the FDIC or any other federal government agency, are not deposits or other obligations of, or guaranteed by, a bank or any bank affiliate, and are subject to investment risks, including possible loss of the principal amount invested.